$50,400 Mortgage for 30 Years

What is the monthly payment of a 50,400 dollar loan?
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Loan Tables for a $50,400 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 50k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $50,400 home? What if I pay a bigger down payment? Make sure to think about maintenance costs, taxes, insurance, and other costs.

Use this to calculate a loan for anything, such as a vehicle, business loan, home, RV, motor home, mobile home, manufactured home, real estate, land, vacation property, education, or any type of debt.
Interest Rate 30 Year
50,400 at 2.01%$186.54
50,400 at 2.02%$186.79
50,400 at 2.03%$187.05
50,400 at 2.04%$187.30
50,400 at 2.05%$187.55
50,400 at 2.06%$187.80
50,400 at 2.07%$188.06
50,400 at 2.08%$188.31
50,400 at 2.09%$188.56
50,400 at 2.1%$188.82
50,400 at 2.11%$189.07
50,400 at 2.12%$189.33
50,400 at 2.13%$189.58
50,400 at 2.14%$189.84
50,400 at 2.15%$190.09
50,400 at 2.16%$190.35
50,400 at 2.17%$190.60
50,400 at 2.18%$190.86
50,400 at 2.19%$191.11
50,400 at 2.2%$191.37
50,400 at 2.21%$191.63
50,400 at 2.22%$191.88
50,400 at 2.23%$192.14
50,400 at 2.24%$192.40
50,400 at 2.25%$192.65
50,400 at 2.26%$192.91
50,400 at 2.27%$193.17
50,400 at 2.28%$193.42
50,400 at 2.29%$193.68
50,400 at 2.3%$193.94
50,400 at 2.31%$194.20
50,400 at 2.32%$194.46
50,400 at 2.33%$194.71
50,400 at 2.34%$194.97
50,400 at 2.35%$195.23
50,400 at 2.36%$195.49
50,400 at 2.37%$195.75
50,400 at 2.38%$196.01
50,400 at 2.39%$196.27
50,400 at 2.4%$196.53
50,400 at 2.41%$196.79
50,400 at 2.42%$197.05
50,400 at 2.43%$197.31
50,400 at 2.44%$197.57
50,400 at 2.45%$197.83
50,400 at 2.46%$198.09
50,400 at 2.47%$198.36
50,400 at 2.48%$198.62
50,400 at 2.49%$198.88
50,400 at 2.5%$199.14
50,400 at 2.51%$199.40
50,400 at 2.52%$199.67
50,400 at 2.53%$199.93
50,400 at 2.54%$200.19
50,400 at 2.55%$200.45
50,400 at 2.56%$200.72
50,400 at 2.57%$200.98
50,400 at 2.58%$201.24
50,400 at 2.59%$201.51
50,400 at 2.6%$201.77
50,400 at 2.61%$202.04
50,400 at 2.62%$202.30
50,400 at 2.63%$202.56
50,400 at 2.64%$202.83
50,400 at 2.65%$203.09
50,400 at 2.66%$203.36
50,400 at 2.67%$203.62
50,400 at 2.68%$203.89
50,400 at 2.69%$204.16
50,400 at 2.7%$204.42
50,400 at 2.71%$204.69
50,400 at 2.72%$204.95
50,400 at 2.73%$205.22
50,400 at 2.74%$205.49
50,400 at 2.75%$205.75
50,400 at 2.76%$206.02
50,400 at 2.77%$206.29
50,400 at 2.78%$206.56
50,400 at 2.79%$206.82
50,400 at 2.8%$207.09
50,400 at 2.81%$207.36
50,400 at 2.82%$207.63
50,400 at 2.83%$207.90
50,400 at 2.84%$208.16
50,400 at 2.85%$208.43
50,400 at 2.86%$208.70
50,400 at 2.87%$208.97
50,400 at 2.88%$209.24
50,400 at 2.89%$209.51
50,400 at 2.9%$209.78
50,400 at 2.91%$210.05
50,400 at 2.92%$210.32
50,400 at 2.93%$210.59
50,400 at 2.94%$210.86
50,400 at 2.95%$211.13
50,400 at 2.96%$211.40
50,400 at 2.97%$211.67
50,400 at 2.98%$211.95
50,400 at 2.99%$212.22
50,400 at 3%$212.49
50,400 at 3.01%$212.76
50,400 at 3.02%$213.03
50,400 at 3.03%$213.30
50,400 at 3.04%$213.58
50,400 at 3.05%$213.85
50,400 at 3.06%$214.12
50,400 at 3.07%$214.40
50,400 at 3.08%$214.67
50,400 at 3.09%$214.94
50,400 at 3.1%$215.22
50,400 at 3.11%$215.49
50,400 at 3.12%$215.76
50,400 at 3.13%$216.04
50,400 at 3.14%$216.31
50,400 at 3.15%$216.59
50,400 at 3.16%$216.86
50,400 at 3.17%$217.14
50,400 at 3.18%$217.41
50,400 at 3.19%$217.69
50,400 at 3.2%$217.96
50,400 at 3.21%$218.24
50,400 at 3.22%$218.52
50,400 at 3.23%$218.79
50,400 at 3.24%$219.07
50,400 at 3.25%$219.34
50,400 at 3.26%$219.62
50,400 at 3.27%$219.90
50,400 at 3.28%$220.17
50,400 at 3.29%$220.45
50,400 at 3.3%$220.73
50,400 at 3.31%$221.01
50,400 at 3.32%$221.28
50,400 at 3.33%$221.56
50,400 at 3.34%$221.84
50,400 at 3.35%$222.12
50,400 at 3.36%$222.40
50,400 at 3.37%$222.68
50,400 at 3.38%$222.96
50,400 at 3.39%$223.24
50,400 at 3.4%$223.51
50,400 at 3.41%$223.79
50,400 at 3.42%$224.07
50,400 at 3.43%$224.35
50,400 at 3.44%$224.63
50,400 at 3.45%$224.91
50,400 at 3.46%$225.19
50,400 at 3.47%$225.48
50,400 at 3.48%$225.76
50,400 at 3.49%$226.04
50,400 at 3.5%$226.32
Interest Rate 30 Year
50,400 at 3.51%$226.60
50,400 at 3.52%$226.88
50,400 at 3.53%$227.16
50,400 at 3.54%$227.45
50,400 at 3.55%$227.73
50,400 at 3.56%$228.01
50,400 at 3.57%$228.29
50,400 at 3.58%$228.58
50,400 at 3.59%$228.86
50,400 at 3.6%$229.14
50,400 at 3.61%$229.42
50,400 at 3.62%$229.71
50,400 at 3.63%$229.99
50,400 at 3.64%$230.28
50,400 at 3.65%$230.56
50,400 at 3.66%$230.84
50,400 at 3.67%$231.13
50,400 at 3.68%$231.41
50,400 at 3.69%$231.70
50,400 at 3.7%$231.98
50,400 at 3.71%$232.27
50,400 at 3.72%$232.55
50,400 at 3.73%$232.84
50,400 at 3.74%$233.12
50,400 at 3.75%$233.41
50,400 at 3.76%$233.70
50,400 at 3.77%$233.98
50,400 at 3.78%$234.27
50,400 at 3.79%$234.56
50,400 at 3.8%$234.84
50,400 at 3.81%$235.13
50,400 at 3.82%$235.42
50,400 at 3.83%$235.70
50,400 at 3.84%$235.99
50,400 at 3.85%$236.28
50,400 at 3.86%$236.57
50,400 at 3.87%$236.86
50,400 at 3.88%$237.14
50,400 at 3.89%$237.43
50,400 at 3.9%$237.72
50,400 at 3.91%$238.01
50,400 at 3.92%$238.30
50,400 at 3.93%$238.59
50,400 at 3.94%$238.88
50,400 at 3.95%$239.17
50,400 at 3.96%$239.46
50,400 at 3.97%$239.75
50,400 at 3.98%$240.04
50,400 at 3.99%$240.33
50,400 at 4%$240.62
50,400 at 4.01%$240.91
50,400 at 4.02%$241.20
50,400 at 4.03%$241.49
50,400 at 4.04%$241.78
50,400 at 4.05%$242.07
50,400 at 4.06%$242.36
50,400 at 4.07%$242.66
50,400 at 4.08%$242.95
50,400 at 4.09%$243.24
50,400 at 4.1%$243.53
50,400 at 4.11%$243.82
50,400 at 4.12%$244.12
50,400 at 4.13%$244.41
50,400 at 4.14%$244.70
50,400 at 4.15%$245.00
50,400 at 4.16%$245.29
50,400 at 4.17%$245.58
50,400 at 4.18%$245.88
50,400 at 4.19%$246.17
50,400 at 4.2%$246.46
50,400 at 4.21%$246.76
50,400 at 4.22%$247.05
50,400 at 4.23%$247.35
50,400 at 4.24%$247.64
50,400 at 4.25%$247.94
50,400 at 4.26%$248.23
50,400 at 4.27%$248.53
50,400 at 4.28%$248.82
50,400 at 4.29%$249.12
50,400 at 4.3%$249.42
50,400 at 4.31%$249.71
50,400 at 4.32%$250.01
50,400 at 4.33%$250.30
50,400 at 4.34%$250.60
50,400 at 4.35%$250.90
50,400 at 4.36%$251.19
50,400 at 4.37%$251.49
50,400 at 4.38%$251.79
50,400 at 4.39%$252.09
50,400 at 4.4%$252.38
50,400 at 4.41%$252.68
50,400 at 4.42%$252.98
50,400 at 4.43%$253.28
50,400 at 4.44%$253.58
50,400 at 4.45%$253.87
50,400 at 4.46%$254.17
50,400 at 4.47%$254.47
50,400 at 4.48%$254.77
50,400 at 4.49%$255.07
50,400 at 4.5%$255.37
50,400 at 4.51%$255.67
50,400 at 4.52%$255.97
50,400 at 4.53%$256.27
50,400 at 4.54%$256.57
50,400 at 4.55%$256.87
50,400 at 4.56%$257.17
50,400 at 4.57%$257.47
50,400 at 4.58%$257.77
50,400 at 4.59%$258.07
50,400 at 4.6%$258.37
50,400 at 4.61%$258.67
50,400 at 4.62%$258.98
50,400 at 4.63%$259.28
50,400 at 4.64%$259.58
50,400 at 4.65%$259.88
50,400 at 4.66%$260.18
50,400 at 4.67%$260.49
50,400 at 4.68%$260.79
50,400 at 4.69%$261.09
50,400 at 4.7%$261.39
50,400 at 4.71%$261.70
50,400 at 4.72%$262.00
50,400 at 4.73%$262.30
50,400 at 4.74%$262.61
50,400 at 4.75%$262.91
50,400 at 4.76%$263.21
50,400 at 4.77%$263.52
50,400 at 4.78%$263.82
50,400 at 4.79%$264.13
50,400 at 4.8%$264.43
50,400 at 4.81%$264.74
50,400 at 4.82%$265.04
50,400 at 4.83%$265.35
50,400 at 4.84%$265.65
50,400 at 4.85%$265.96
50,400 at 4.86%$266.26
50,400 at 4.87%$266.57
50,400 at 4.88%$266.87
50,400 at 4.89%$267.18
50,400 at 4.9%$267.49
50,400 at 4.91%$267.79
50,400 at 4.92%$268.10
50,400 at 4.93%$268.41
50,400 at 4.94%$268.71
50,400 at 4.95%$269.02
50,400 at 4.96%$269.33
50,400 at 4.97%$269.63
50,400 at 4.98%$269.94
50,400 at 4.99%$270.25
50,400 at 5%$270.56
Interest Rate 30 Year
50,400 at 5.01%$270.87
50,400 at 5.02%$271.17
50,400 at 5.03%$271.48
50,400 at 5.04%$271.79
50,400 at 5.05%$272.10
50,400 at 5.06%$272.41
50,400 at 5.07%$272.72
50,400 at 5.08%$273.03
50,400 at 5.09%$273.34
50,400 at 5.1%$273.65
50,400 at 5.11%$273.96
50,400 at 5.12%$274.27
50,400 at 5.13%$274.58
50,400 at 5.14%$274.89
50,400 at 5.15%$275.20
50,400 at 5.16%$275.51
50,400 at 5.17%$275.82
50,400 at 5.18%$276.13
50,400 at 5.19%$276.44
50,400 at 5.2%$276.75
50,400 at 5.21%$277.06
50,400 at 5.22%$277.37
50,400 at 5.23%$277.69
50,400 at 5.24%$278.00
50,400 at 5.25%$278.31
50,400 at 5.26%$278.62
50,400 at 5.27%$278.94
50,400 at 5.28%$279.25
50,400 at 5.29%$279.56
50,400 at 5.3%$279.87
50,400 at 5.31%$280.19
50,400 at 5.32%$280.50
50,400 at 5.33%$280.81
50,400 at 5.34%$281.13
50,400 at 5.35%$281.44
50,400 at 5.36%$281.75
50,400 at 5.37%$282.07
50,400 at 5.38%$282.38
50,400 at 5.39%$282.70
50,400 at 5.4%$283.01
50,400 at 5.41%$283.33
50,400 at 5.42%$283.64
50,400 at 5.43%$283.96
50,400 at 5.44%$284.27
50,400 at 5.45%$284.59
50,400 at 5.46%$284.90
50,400 at 5.47%$285.22
50,400 at 5.48%$285.53
50,400 at 5.49%$285.85
50,400 at 5.5%$286.17
50,400 at 5.51%$286.48
50,400 at 5.52%$286.80
50,400 at 5.53%$287.12
50,400 at 5.54%$287.43
50,400 at 5.55%$287.75
50,400 at 5.56%$288.07
50,400 at 5.57%$288.38
50,400 at 5.58%$288.70
50,400 at 5.59%$289.02
50,400 at 5.6%$289.34
50,400 at 5.61%$289.65
50,400 at 5.62%$289.97
50,400 at 5.63%$290.29
50,400 at 5.64%$290.61
50,400 at 5.65%$290.93
50,400 at 5.66%$291.25
50,400 at 5.67%$291.56
50,400 at 5.68%$291.88
50,400 at 5.69%$292.20
50,400 at 5.7%$292.52
50,400 at 5.71%$292.84
50,400 at 5.72%$293.16
50,400 at 5.73%$293.48
50,400 at 5.74%$293.80
50,400 at 5.75%$294.12
50,400 at 5.76%$294.44
50,400 at 5.77%$294.76
50,400 at 5.78%$295.08
50,400 at 5.79%$295.40
50,400 at 5.8%$295.72
50,400 at 5.81%$296.04
50,400 at 5.82%$296.37
50,400 at 5.83%$296.69
50,400 at 5.84%$297.01
50,400 at 5.85%$297.33
50,400 at 5.86%$297.65
50,400 at 5.87%$297.97
50,400 at 5.88%$298.30
50,400 at 5.89%$298.62
50,400 at 5.9%$298.94
50,400 at 5.91%$299.26
50,400 at 5.92%$299.59
50,400 at 5.93%$299.91
50,400 at 5.94%$300.23
50,400 at 5.95%$300.56
50,400 at 5.96%$300.88
50,400 at 5.97%$301.20
50,400 at 5.98%$301.53
50,400 at 5.99%$301.85
50,400 at 6%$302.17
50,400 at 6.01%$302.50
50,400 at 6.02%$302.82
50,400 at 6.03%$303.15
50,400 at 6.04%$303.47
50,400 at 6.05%$303.80
50,400 at 6.06%$304.12
50,400 at 6.07%$304.45
50,400 at 6.08%$304.77
50,400 at 6.09%$305.10
50,400 at 6.1%$305.42
50,400 at 6.11%$305.75
50,400 at 6.12%$306.07
50,400 at 6.13%$306.40
50,400 at 6.14%$306.72
50,400 at 6.15%$307.05
50,400 at 6.16%$307.38
50,400 at 6.17%$307.70
50,400 at 6.18%$308.03
50,400 at 6.19%$308.36
50,400 at 6.2%$308.68
50,400 at 6.21%$309.01
50,400 at 6.22%$309.34
50,400 at 6.23%$309.67
50,400 at 6.24%$309.99
50,400 at 6.25%$310.32
50,400 at 6.26%$310.65
50,400 at 6.27%$310.98
50,400 at 6.28%$311.31
50,400 at 6.29%$311.63
50,400 at 6.3%$311.96
50,400 at 6.31%$312.29
50,400 at 6.32%$312.62
50,400 at 6.33%$312.95
50,400 at 6.34%$313.28
50,400 at 6.35%$313.61
50,400 at 6.36%$313.94
50,400 at 6.37%$314.27
50,400 at 6.38%$314.60
50,400 at 6.39%$314.93
50,400 at 6.4%$315.25
50,400 at 6.41%$315.59
50,400 at 6.42%$315.92
50,400 at 6.43%$316.25
50,400 at 6.44%$316.58
50,400 at 6.45%$316.91
50,400 at 6.46%$317.24
50,400 at 6.47%$317.57
50,400 at 6.48%$317.90
50,400 at 6.49%$318.23
50,400 at 6.5%$318.56
Interest Rate 30 Year
50,400 at 6.51%$318.89
50,400 at 6.52%$319.23
50,400 at 6.53%$319.56
50,400 at 6.54%$319.89
50,400 at 6.55%$320.22
50,400 at 6.56%$320.55
50,400 at 6.57%$320.89
50,400 at 6.58%$321.22
50,400 at 6.59%$321.55
50,400 at 6.6%$321.88
50,400 at 6.61%$322.22
50,400 at 6.62%$322.55
50,400 at 6.63%$322.88
50,400 at 6.64%$323.22
50,400 at 6.65%$323.55
50,400 at 6.66%$323.88
50,400 at 6.67%$324.22
50,400 at 6.68%$324.55
50,400 at 6.69%$324.89
50,400 at 6.7%$325.22
50,400 at 6.71%$325.55
50,400 at 6.72%$325.89
50,400 at 6.73%$326.22
50,400 at 6.74%$326.56
50,400 at 6.75%$326.89
50,400 at 6.76%$327.23
50,400 at 6.77%$327.56
50,400 at 6.78%$327.90
50,400 at 6.79%$328.23
50,400 at 6.8%$328.57
50,400 at 6.81%$328.91
50,400 at 6.82%$329.24
50,400 at 6.83%$329.58
50,400 at 6.84%$329.91
50,400 at 6.85%$330.25
50,400 at 6.86%$330.59
50,400 at 6.87%$330.92
50,400 at 6.88%$331.26
50,400 at 6.89%$331.60
50,400 at 6.9%$331.93
50,400 at 6.91%$332.27
50,400 at 6.92%$332.61
50,400 at 6.93%$332.95
50,400 at 6.94%$333.28
50,400 at 6.95%$333.62
50,400 at 6.96%$333.96
50,400 at 6.97%$334.30
50,400 at 6.98%$334.64
50,400 at 6.99%$334.97
50,400 at 7%$335.31
50,400 at 7.01%$335.65
50,400 at 7.02%$335.99
50,400 at 7.03%$336.33
50,400 at 7.04%$336.67
50,400 at 7.05%$337.01
50,400 at 7.06%$337.35
50,400 at 7.07%$337.69
50,400 at 7.08%$338.02
50,400 at 7.09%$338.36
50,400 at 7.1%$338.70
50,400 at 7.11%$339.04
50,400 at 7.12%$339.38
50,400 at 7.13%$339.72
50,400 at 7.14%$340.06
50,400 at 7.15%$340.41
50,400 at 7.16%$340.75
50,400 at 7.17%$341.09
50,400 at 7.18%$341.43
50,400 at 7.19%$341.77
50,400 at 7.2%$342.11
50,400 at 7.21%$342.45
50,400 at 7.22%$342.79
50,400 at 7.23%$343.13
50,400 at 7.24%$343.48
50,400 at 7.25%$343.82
50,400 at 7.26%$344.16
50,400 at 7.27%$344.50
50,400 at 7.28%$344.84
50,400 at 7.29%$345.19
50,400 at 7.3%$345.53
50,400 at 7.31%$345.87
50,400 at 7.32%$346.21
50,400 at 7.33%$346.56
50,400 at 7.34%$346.90
50,400 at 7.35%$347.24
50,400 at 7.36%$347.59
50,400 at 7.37%$347.93
50,400 at 7.38%$348.27
50,400 at 7.39%$348.62
50,400 at 7.4%$348.96
50,400 at 7.41%$349.30
50,400 at 7.42%$349.65
50,400 at 7.43%$349.99
50,400 at 7.44%$350.34
50,400 at 7.45%$350.68
50,400 at 7.46%$351.02
50,400 at 7.47%$351.37
50,400 at 7.48%$351.71
50,400 at 7.49%$352.06
50,400 at 7.5%$352.40
50,400 at 7.51%$352.75
50,400 at 7.52%$353.09
50,400 at 7.53%$353.44
50,400 at 7.54%$353.79
50,400 at 7.55%$354.13
50,400 at 7.56%$354.48
50,400 at 7.57%$354.82
50,400 at 7.58%$355.17
50,400 at 7.59%$355.52
50,400 at 7.6%$355.86
50,400 at 7.61%$356.21
50,400 at 7.62%$356.55
50,400 at 7.63%$356.90
50,400 at 7.64%$357.25
50,400 at 7.65%$357.60
50,400 at 7.66%$357.94
50,400 at 7.67%$358.29
50,400 at 7.68%$358.64
50,400 at 7.69%$358.98
50,400 at 7.7%$359.33
50,400 at 7.71%$359.68
50,400 at 7.72%$360.03
50,400 at 7.73%$360.38
50,400 at 7.74%$360.72
50,400 at 7.75%$361.07
50,400 at 7.76%$361.42
50,400 at 7.77%$361.77
50,400 at 7.78%$362.12
50,400 at 7.79%$362.47
50,400 at 7.8%$362.81
50,400 at 7.81%$363.16
50,400 at 7.82%$363.51
50,400 at 7.83%$363.86
50,400 at 7.84%$364.21
50,400 at 7.85%$364.56
50,400 at 7.86%$364.91
50,400 at 7.87%$365.26
50,400 at 7.88%$365.61
50,400 at 7.89%$365.96
50,400 at 7.9%$366.31
50,400 at 7.91%$366.66
50,400 at 7.92%$367.01
50,400 at 7.93%$367.36
50,400 at 7.94%$367.71
50,400 at 7.95%$368.06
50,400 at 7.96%$368.41
50,400 at 7.97%$368.76
50,400 at 7.98%$369.11
50,400 at 7.99%$369.47
50,400 at 8%$369.82
More Amounts
What is the down payment for a $50,400 house? How much do you need to put down?
Percent Down Down Payment
1%504
2%1,008
3%1,512
4%2,016
5%2,520
6%3,024
7%3,528
8%4,032
9%4,536
10%5,040
11%5,544
12%6,048
13%6,552
14%7,056
15%7,560
16%8,064
17%8,568
18%9,072
19%9,576
20%10,080
Percent Down Down Payment
21%10,584
22%11,088
23%11,592
24%12,096
25%12,600
26%13,104
27%13,608
28%14,112
29%14,616
30%15,120
31%15,624
32%16,128
33%16,632
34%17,136
35%17,640
36%18,144
37%18,648
38%19,152
39%19,656
40%20,160
Percent Down Down Payment
41%20,664
42%21,168
43%21,672
44%22,176
45%22,680
46%23,184
47%23,688
48%24,192
49%24,696
50%25,200
51%25,704
52%26,208
53%26,712
54%27,216
55%27,720
56%28,224
57%28,728
58%29,232
59%29,736
60%30,240
Percent Down Down Payment
61%30,744
62%31,248
63%31,752
64%32,256
65%32,760
66%33,264
67%33,768
68%34,272
69%34,776
70%35,280
71%35,784
72%36,288
73%36,792
74%37,296
75%37,800
76%38,304
77%38,808
78%39,312
79%39,816
80%40,320
Percent Down Down Payment
81%40,824
82%41,328
83%41,832
84%42,336
85%42,840
86%43,344
87%43,848
88%44,352
89%44,856
90%45,360
91%45,864
92%46,368
93%46,872
94%47,376
95%47,880
96%48,384
97%48,888
98%49,392
99%49,896
100%50,400
Common Loan Vocabulary Terms
APR Annual Percentage Rate, the annual cost of borrowing or lending money.
PMI Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment.
Property Taxes Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property.
Insurance Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy.
HOA Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee.
Mortgage Refinance After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money.